Selection of an Audit Firm

Key insights

6 takeaways · ~2 min read

01
PlayWay S.A. has appointed KPW Audyt sp. z o.o. to conduct financial audits for the fiscal years ending December 31, 2022, and December 31, 2023.
02
The engagement covers both individual and consolidated financial statements for PlayWay S.A. and its Capital Group, as well as reviews of condensed interim financial reports.
03
The appointment was finalized on June 10, 2022, following a formal resolution by the company’s Supervisory Board.
04
KPW Audyt is a registered audit firm under the Polish Audit Supervision Agency with registration number 4116.
05
The selection process was managed by the Supervisory Board’s Audit Committee in accordance with corporate governance protocols and the company’s articles of association.
06
The Management Board has been authorized to execute the formal contracts required to initiate the partnership with KPW Audyt.

Summary

PlayWay S.A., a prominent Polish video game developer and publisher, has officially appointed KPW Audyt sp. z o.o., based in Łódź, as the auditing firm responsible for reviewing its financial statements. This decision, finalized on June 10, 2022, follows a formal resolution by the company’s Supervisory Board. The scope of the engagement covers the fiscal years ending December 31, 2022, and December 31, 2023.

The mandate granted to KPW Audyt includes the comprehensive audit of both individual and consolidated financial statements for PlayWay S.A. and its broader Capital Group. Additionally, the firm is tasked with performing reviews of the condensed interim financial reports for the same two-year period. This selection ensures that the company remains compliant with Polish regulatory requirements and the standards set by the Polish Audit Supervision Agency, where KPW Audyt is registered under number 4116.

The selection process adhered to established corporate governance protocols, including a formal recommendation from the Supervisory Board’s Audit Committee. This recommendation was based on a detailed report regarding the selection procedure for a statutory auditor, ensuring the process aligned with the company’s articles of association and prevailing legal regulations. Following the board's resolution, the Management Board has been authorized to execute the necessary contracts to formalize the partnership for the upcoming audit cycles.